LLC Cuts Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

M A Com Technology

LLC Cuts Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Several other hedge funds have also made changes to their positions in MTSI. Needham & Company LLC raised their price target on MACOM Technology Solutions Holdings from $60.00 to $65.00 and gave the company a "buy" rating in a report on Monday, June 26th.

In a report released on 08/02/2017 Stifel reduced the stock price target of M A-COM Tech (NASDAQ:MTSI) from $64.00 to $57.00 indicating a possible downside of -0.07%. Zacks Investment Research upgraded shares of MACOM Technology Solutions Holdings from a "hold" rating to a "buy" rating and set a $55.00 target price for the company in a research note on Wednesday, April 5th. Barclays PLC reaffirmed an "overweight" rating and issued a $70.00 price target (up previously from $60.00) on shares of MACOM Technology Solutions Holdings in a research report on Wednesday, July 12th. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. The company presently has an average rating of "Buy" and a consensus price target of $60.17. (NASDAQ:MTSI)'s stock about -30.15% from the 50-day high and -14.02% away from the 50-day low. The firm has a 50-day moving average of $59.01 and a 200-day moving average of $52.17. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation.

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In company news, Macom Technology Solutions ( MTSI ) slumped Wednesday, declining more than 25% after the analog chipmaker last night reported below-consensus adjusted net income during its fiscal Q3 and warned its Q4 financial results also would trail Wall Street expectations. The semiconductor company reported $0.67 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.68 by $0.01.

On Monday, July 24th, Donghyun Thomas Hwang sold 4,401 shares of MACOM Technology Solutions Holdings stock.

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Looking forward, for the quarter ending Jun-17, 9 analysts have a mean sales target of 195.91 million. MACOM Technology Solutions Holdings's revenue was up 36.7% compared to the same quarter past year. Florida-based Raymond James And Associates has invested 0.01% in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI).

COPYRIGHT VIOLATION NOTICE: This article was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this report on another domain, it was illegally copied and reposted in violation of U.S. & global copyright & trademark law. The stock was sold at an average price of $56.24, for a total value of $1,687,200.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. $1.69M worth of stock was sold by MCMULLAN ROBERT on Tuesday, May 16. The stock was sold at an average price of $64.26, for a total transaction of $722,346.66. US Bancorp DE now owns 6,479 shares of the semiconductor company's stock worth $312,000 after buying an additional 402 shares during the last quarter. The disclosure for this sale can be found here. $28,420 worth of stock was sold by OCAMPO JOHN L on Wednesday, May 17. Axa owns 42,000 shares for 0.01% of their portfolio. State Board of Administration of Florida Retirement System increased its position in shares of MACOM Technology Solutions Holdings by 1.8% in the fourth quarter. BlackRock Inc. now owns 2,052,819 shares of the semiconductor company's stock valued at $99,151,000 after buying an additional 2,050,923 shares during the last quarter. During the same period previous year, the company earned $0.51 earnings per share. After having $0.45 EPS previously, MACOM Technology Solutions Holdings Inc's analysts see 15.56% EPS growth. Comerica Bank now owns 36,391 shares of the semiconductor company's stock valued at $1,727,000 after buying an additional 3,838 shares during the last quarter. Comerica Bank raised its stake in shares of MACOM Technology Solutions Holdings by 11.8% in the fourth quarter. AQR Capital Management LLC now owns 17,601 shares of the semiconductor company's stock worth $815,000 after buying an additional 450 shares during the last quarter. Federated Investors Pa holds 0% in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) or 529 shares. The institutional investor owned 697,726 shares of the semiconductor company's stock after selling 21,406 shares during the period. Commonwealth Of Pennsylvania School Empls Retrmt Sys has invested 0.01% of its portfolio in American Water Works Company Inc (NYSE:AWK).

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